4259 Broadway New York, NY 10033-3731

Property Details for 4259 Broadway

Year built

1941

Lot size

0.24 lot acres

Property size

35,910 SF

Zone code

C4-4

Property type

Specialty properties

APN

02176-0133

APU

21760133

Description

This exceptional three-story executive office building, located at 4259 Broadway in New York City's Washington Heights neighborhood (zip code 10033), presents a compelling investment opportunity. The 41,390 square foot property sits on a 10,347 square foot lot and is zoned C4-4 (4.0 FAR), offering significant potential for redevelopment or renovation leveraging additional air rights. Currently featuring four units, the building boasts a strong net operating income (NOI) of $1,188,511 and is being offered for sale at $18,500,000. The anchor tenant's unique layout allows for expansive redevelopment, as the space is currently vacant. The building is professionally maintained and includes four separate retail tenants. Its prime corner location provides excellent visibility and accessibility, with convenient proximity to public transportation. The West 181st Street 1 subway station is two blocks east, another subway station is one block west, and the George Washington Bridge bus terminal is two blocks south. The property benefits from its proximity to numerous national tenants, including Verizon, Chipotle, Foot Locker, Target, T-Mobile, Chick-fil-A, CVS, and Starbucks. This presents a rare chance to acquire a substantial, well-located commercial property in a thriving area of Manhattan with considerable upside potential.

Location Insight

City

New York

County

New York

State

New York

Longitude

-73.9362

Latitude

40.8501

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments